The welfare cost of lawlessness: Evidence from Somali piracy

Tim Besley, Thiemo Fetzer, Hannes Felix Mueller 28 February 2013

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Max Weber defined a functioning state as “a human community that (successfully) claims a monopoly of the legitimate use of physical force within a given territory”. This does not apply to Somalia.

In Somalia, the effective monopoly of power has not been with any form of state since 1991. It has been topping the list of the failed states index for the past five consecutive years (Foreign Policy 2012).

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Topics:  Development Institutions and economics International trade

Tags:  failed states, piracy, Somalia

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